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Thursday, 23 February 2017

Asia stocks ease, dollar steadies after Fed-led losses

Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the US Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI's broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan's Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent.